Why is Rallis India falling/rising?

As of 17-Oct, Rallis India Ltd is experiencing a decline in its stock price, currently at Rs 282.70, which reflects a decrease of Rs 1.6 or 0.56%. The stock has been on a downward trend, losing 3.81% over the last two days and showing significant underperformance with a 20.58% drop over the past year. Despite touching an intraday high of Rs 304.15, the stock is trading below all key moving averages, indicating a bearish sentiment. While the company has a low debt-to-equity ratio and attractive valuation metrics, such as a Price to Book Value of 0.3, its operating profit has stagnated, and recent financial results have shown declines in net sales and profit before tax.
In the broader market context, Rallis India's short-term performance has been notably poor compared to the benchmark Sensex, which has gained 1.76% over the past week. The stock's 1-month return of -16.14% starkly contrasts with the Sensex's positive return of 1.52%, highlighting its struggles in a generally rising market. Additionally, while there is rising investor participation, as evidenced by an 18.38% increase in delivery volume, the overall sentiment remains cautious due to the company's flat growth results and poor long-term performance metrics. This combination of factors contributes to the stock's current downward trajectory.